Richard Ressler

Co-Founder & Principal at CIM Group LP

Richard Ressler

Richard Ressler

Co-Founder & Principal at CIM Group LP

Overview
Career Highlights

Brooke Overseas Ltd.
SkyBox International, Inc.
CIM Income NAV, Inc.

RelSci Relationships

1367

Number of Boards

21

Birthday

1958

Age

62

Number of Awards

1

Contact Data
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Relationships
RelSci Relationships are individuals Richard Ressler likely has professional access to. A relationship does not necessarily indicate a personal connection.

Co-Founder & Principal at CIM Group LP

Relationship likelihood: Strong

Co-Founder & Principal at CIM Group LP

Relationship likelihood: Strong

Principal, Investments at CIM Commercial Trust Corp.

Relationship likelihood: Strong

Principal & Chief Financial Officer at CIM Group LP

Relationship likelihood: Strong

Executive Chairman of the Board & Chief Executive Officer at Presbia PLC

Relationship likelihood: Strong

Chief Executive Officer at VEREIT, Inc.

Relationship likelihood: Strong

Fund Advisor at CCO Group LLC

Relationship likelihood: Strong

Chief Financial Officer at CIM Commercial Trust Corp.

Relationship likelihood: Strong

Chairman & Chief Executive Officer at Raintree Resorts International, Inc.

Relationship likelihood: Strong

Co-Founder at j2 Global, Inc.

Relationship likelihood: Strong

Paths to Richard Ressler
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Richard Ressler
Co-Founder & Principal at CIM Group LP
Family Members
Sibling
Co-Founder at Ares Management Corp.

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was by founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal in 1997 and is headquartered in Los Angeles, CA.

Sibling In Law

Since its founding in 1990, Apollo has grown to become one of the world's largest alternative investment managers. As of June 30, 2012, we had total assets under management of $105 billion, with a team of 616 employees located in ten offices around the world. We attribute our success to our key competitive strengths: our investment process and approach to investing, which incorporates our flexibility to invest throughout market cycles and across the capital structure, our deep industry expertise and focus on complex transactions, our investment edge which creates proprietary investment opportunities, and our collaboration with portfolio company management teams; our integrated business model which combines the strength of our private equity, credit-oriented capital markets, and real estate platforms, and also includes a dedicated Natural Resources Fund; our long-standing investor relationships which include many of the world’s most prominent pension and endowment funds, financial institutions and individuals; our long-term capital base; our strong management team and reputation; and our alignment of interests with investors in our funds and shareholders. We operate our businesses in an integrated manner, which we believe distinguishes us from other alternative investment managers. Our investment professionals frequently collaborate and share information across disciplines including market insight, management, banking and consultant contacts as well as potential investment opportunities, which contributes to our library of industry knowledge and enables us to invest successfully across a company’s capital structure. The integrated Apollo platform and the experience of our investment team have enabled us to deliver strong long-term investment performance in our funds throughout a range of economic cycles. Our investment approach is value-oriented, focusing on industries in which we have considerable knowledge, and emphasizing downside protection and the preservation of capital. We are frequently contrarian in our investment approach, which is reflected in a number of ways, including: our willingness to invest in industries that our competitors typically avoid; the often complex structures we employ in some of our investments, including our willingness to pursue difficult corporate carve-out transactions; our experience investing during periods of uncertainty or distress in the economy or financial markets; our orientation towards sole-sponsored transactions; and our willingness to undertake transactions that have substantial business, regulatory or legal complexity. We have successfully applied this investment philosophy since Apollo's founding, allowing us to identify what we believe to be attractive investment opportunities, deploy capital across the balance sheet of industry leading businesses, and create value for our investors throughout economic cycles.

Sibling In Law
Co-Founder at Painted Turtle

TO PROVIDE A CAMP ENVIRONMENT FOR CHRONICALLY ILL CHILDREN WITHOUT COST TO THEIR FAMILIES.

Spouse

Sullivan & Cromwell provides legal advisory services to financial, healthcare, insurance, real estate, energy, other sectors.

Sibling

The Melanoma Research Alliance (MRA) is the largest non-profit funder of melanoma research. Since its founding in 2007, MRA has committed $100 million in funding to advance our understanding of this disease. MRA funds projects in the areas of prevention, diagnosis, and treatment, with the majority of funding allocated for melanoma treatment.

Education
BA

Brown University is located in historic Providence, Rhode Island and was founded in 1764. It is the seventh-oldest college in the United States. Brown is an independent, coeducational Ivy League institution comprising undergraduate and graduate programs, plus the Alpert Medical School, School of Public Health, School of Engineering, and the School of Professional Studies.

MBA

Columbia Business School (CBS) is the business school of Columbia University in Manhattan, New York City. It was established in 1916 to provide business training and professional preparation for undergraduate and graduate Columbia University students. It is one of six Ivy League business schools and its admission process is among the most selective of top business schools.

JD

Columbia Law School is a professional graduate school of Columbia University, a member of the Ivy League. Columbia is regarded as one of the most prestigious law schools in the nation and has always been ranked in the top five by U.S. News and World Report.Founded in 1858, Columbia has produced a large number of distinguished alumni including two Presidents of the United States (Franklin Delano Roosevelt and Theodore Roosevelt); nine Justices of the Supreme Court of the United States;numerous U.S. Cabinet members and Presidential advisers; U.S. Senators, Representatives, and Governors; and more members of the Forbes 400 than any other law school.

Career History
Chairman, President & Chief Executive Officer
2018 - Current

CIM Income NAV, Inc engages in acquiring and operating diversified portfolio of necessity retail, office and industrial properties that are leased to creditworthy tenants under long-term net leases.The company was founded on July 27, 2010 and is headquartered in Phoenix, AZ.

Chairman, President & Chief Executive Officer
2018 - Current

Cole Office & Industrial REIT (CCIT III), Inc. engages in the acquisition and operation of commercial real estate assets. The company owns single-tenant, necessity office, and industrial properties. It also intends to invest in mortgage, mezzanine, bridge, and other loans and securities related to real estate assets. The company was founded by Seth K. Weiner on May 22, 2014 and is headquartered in Phoenix, AZ.

Fund Advisor
2018 - Current

CCO Group provides access to commercial real estate through non-traded REITs and other direct investment programs. The firm's programs are designed to provide investors with: (1) a stream of income (2) portfolio diversification (3) reduced portfolio volatility and (4) the potential for capital appreciation. The firm invests primarily in income-producing, single-tenant commercial real estate leased to high-quality, creditworthy tenants under long-term, net leases. They are also conservative to moderate in their use of financing.

Boards & Committees
Director
Prior - 2012

SkyPower is a leading developer of renewable energy projects. It has interests in a substantial number of renewable energy projects at various stages of development, representing thousands of MW of potential nameplate capacity. SkyPower is developing significant renewable energy projects in Canada, the United States, and abroad. The firm drives all phases of project development including exploration, construction, and operation.SkyPower generates renewable wind and solar energy. Its partners include the Canadian Wind Energy Association, the Canadian Solar Industry Association, the American Wind Energy Association, and the Ontario Energy Association.

Chairman
1995 - 2006

MAI Systems Corp. was engaged in providing total information system solutions to the hospitality, resort and destination market. The company was headquartered in Irvine, CA.

Member, Board of Directors
Prior

New Valley LLC is an investment company owned by Vector Group. Western Union was renamed New Valley in the early 1990s as the corporate parent of all Western Union related businesses. In 1994, New Valley sold its Western Union businesses to First Financial Management (later acquired by First Data) for $1.2 Billion. After more than 100 years of being a publicly traded entity, New Valley became a wholly owned subsidiary of Vector Group on December 13, 2005 when Vector Group acquired the remaining 42.3% of New Valley's common shares that it did not already own. New Valley presently has a 70% stake in Douglas Elliman Realty, the largest residential real estate brokerage in the New York metropolitan area. The company also has stakes in various hotels and golf courses in the United States. In conjunction with the spin-off of its Ladenburg Thalmann subsidiary New Valley retained an 7.6% stake in Ladenburg Thalmann Financial Services, an investment bank and stock brokerage based in Miami.

Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$100K +
2013

Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. The University recognizes the importance of its location in New York City and seeks to link its research and teaching to the vast resources of a great metropolis. It seeks to attract a diverse and international faculty and student body, to support research and teaching on global issues, and to create academic relationships with many countries and regions. It expects all areas of the university to advance knowledge and learning at the highest level and to convey the products of its efforts to the world.

Political Donations
$2,500
2011

Senator at Office of the Senator from Utah, Mitt Romney

$4,600
2008
$10K
2008

The Democratic Senatorial Campaign Committee is the only organization solely dedicated to electing a Democratic Senate. From grassroots organizing to candidate recruitment to providing campaign funds for tight races, the DSCC is working hard all year, every year to elect Democrats – and give President Obama the help he needs on Capitol Hill to move our country forward.

Transactions
Details Hidden

CIM Group LP purchases CCO Group LLC from VEREIT, Inc.

Details Hidden

CIM Fund VIII LP raised money in a private placement transaction

Details Hidden

CIM/980 9th Street (Sacramento) LP raised money in a private placement transaction

Investments
Details Hidden
Details Hidden

Milwaukee Brewers Baseball Club, Inc. owns and operates a professional baseball franchise. The company is a member of the American League Central Division of the Major League Baseball (MLB). The company was founded in 1969 and is headquartered in Milwaukee, WI.

Details Hidden

Established in June 2000 following a unanimous vote by the 30 Major League Baseball club owners to centralize all of Baseball's Internet operations, MLB Advanced Media LP (MLBAM) is the interactive media and internet company of Major League Baseball. MLBAM manages the official league site, http://www.MLB.com, and each of the 30 individual Club sites to create the most comprehensive Major League Baseball resource on the Internet. MLB.com offers fans the most complete baseball information on the web, including up-to-date statistics, game summaries, extensive historical information, and exclusive features about Major League Baseball events and programs, including on-line ticket sales, baseball merchandise, authenticated memorabilia and collectibles, fantasy games, live and archived radio broadcasts of every game, live and archived video webcasts of entire games, pitch-by-pitch enactment of games, and hosted post-game video highlight shows. PR Newswire (http://s.tt/1s5xO)

Public Holdings
Restricted data only for RelSci Professional users.
Awards & Honors
Rank #21
2012
New York Observer - 100 Most Powerful People in New York Real Estate
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